Question: How do accounts payable and notes payable differ?Select one: a . Accounts Payable is an Asset while Notes Payable is a Liability b . I

How do accounts payable and notes payable differ?Select one: a

.

Accounts Payable is an Asset while Notes Payable is a Liability b

.

I have no idea c

.

There is not any difference between the two accounts. They are both liabilities d

.

Accounts Payable an account, used when the company purchases items on credit and payment will be made Payable is an account used when the company takes out a loan from a financial institution.

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